contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


b3-consulting-group-early-signs-of-recovery-emerging-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

B3 Consulting Group är verksamt inom konsultbranschen och fokuserar på affärs- och IT-strategier, förändringsledning och digital transformation. Bolagets tjänster riktar sig till företag och organisationer som behöver stöd i utvecklingsprojekt. Verksamheten är främst koncentrerad till Sverige, med en huvudsaklig närvaro i Stockholmsregionen. B3 Consulting Group grundades 2001 och har sitt huvudkontor i Stockholm.

B3 Consulting Group

* A minor miss compared to FactSet consensus expectations* Small signs of improvement, with a flattening utilisation rate y-o-y* Trading at NTM EV/EBITA of ~9xMarket remains challenging, but...

* A minor miss compared to FactSet consensus expectations* Small signs of improvement, with a flattening utilisation rate y-o-y* Trading at NTM EV/EBITA of ~9xMarket remains challenging, but shows some improvementQ3 missed slightly on sales (-5% vs. ABGSCe) and adj. EBITA (-7% vs. ABGSCe). Organically, sales declined ~14%, affected by a weaker market in Sweden, where project activity remained limited. However, sales saw an increase of 4% y-o-y, mainly due to M&amp;A contributions from Poland and Habberstad. Adj. EBITA came in at SEK 7m, for a margin of 3%, driven by lower overhead costs in Sweden. Martin Stenström will step down as CEO and Daniel Juhlin, a current board member at B3 and CEO of Order Impact, will take over the CEO position on 1 February.Cut estimates by 4-1% adj. EBITA for '26e-'27eOn the back of the report, we cut adj. EBITA by 4-1% for '26e-'27e, as the market still faces price pressure and remains challenging overall. However, we note some early positive signs: 1) utilisation has improved slightly, and 2) discussions about rate increases are now possible. We expect B3 to return to positive net recruitment, and see utilisation normalising in H1'26e. The company continues to adjust its cost base and operational model to become more efficient, and we retain our positive view of B3 despite the soft earnings profile.ValuationBased on our revised estimates, the company is trading at ~9x NTM EV/EBITA, which is ~15-20% below current peer multiples and over 20% below the historical average for Nordic IT services peers. We continue to see B3 as well-positioned for '26e-'27e, supported by stabilising market conditions.